On Mar 12, 2020, Bradford R Dinsmore, CEO, reported a purchase of 25,000 shares in Pacific Mercantile Bancorp (PMBC) for $131,386. Subsequent to the Form 4 filing with the SEC, Dinsmore owns 56,000 shares of company stock, with a market value, based on the prior-day closing price, of $283,920.

In the 90 days prior to the date of this filing, there have been 21 insider transactions reported to the SEC for Pacific Mercantile Bancorp. These transactions came from the activities of 17 individual insiders that resulted in a net acquisition of 68,582 company shares. This compares with the preceding 90-day window of time where there were 3 transactions from 2 insiders which resulted in the net acquisition of 424 shares.

This level of insider transactions is below that of the peer group average in the 212-company Corporate Banks peer group over the last 90-day period. Peer group activity averaged 86.3 transactions per company, and disposition of 1,197 shares on average.